Something to think about. According to the Federal Reserve, as of May 10 money in bank and money market accounts has increased to about $9.36 trillion. In May, 2007 this amount was $7.44 trillion!
American's aren't broke, but they are fearful. A substantial part of this money was pulled from the stock market. Take that, Goldman Sachs! People may be fearful, but they aren't stupid.
To give you an idea of how much moolah this is, consider that all of the employer sponsored retirement plans in the U.S. currently total "only" about $2.7 trillion.
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